Friday, February 26, 2010

bellringer - 3.2.10

37. Who was the movie we began named after? What was his historical claim to fame (or infamy if you are a glass half empty kind of person)?



38. Please list at least four things he or his companions had to do prior to being able to launch their expedition. In other words, what specific undertakings had to be made to launch themselves into business.

Thursday, February 25, 2010

bellringer - 2.26.10

35. An ________________ ________________ displayed on a computer monitor consists of a group of rows and columns. _______________ is the name of the iLife spreadsheet program on your MacBook.



36. A __________ __________________ ________ increases the efficiency of verifying a bank statement. A spreadsheet can be created (you did this) with all the _________________ necessary to complete a bank reconciliation.

Tuesday, February 23, 2010

bellringer - 2.24.10

33. Which type of transactions occur more frequently than any other? Why might this be?



34. What are two types of errors that can be made when dealing with this type of transaction? What can safeguard against both types of errors?

Thursday, February 18, 2010

bellringer - 2.22.10

31. Please give two pros and two cons of using EFTs (Electronic Funds Transfers).



32. The cash account is not the same as the petty cash. It does, however, represent four types of payments. Please list each of these four.

Wednesday, February 17, 2010

bellringer - 2.18.10

29. What is an EFT? Also, please explain the difference between a debit card and a credit card.



30. What does the word "petty" mean? Why is this term used to form the account, petty cash?

Tuesday, February 16, 2010

bellringer - 2.16.10

27. Please list the four reasons why a depositor's records and a bank's records may differ.



28. What are the four steps involved in journalizing a bank service charge?

Wednesday, February 10, 2010

bellringer - 2.12.10

25. For what does FDIC stand? When was this created and why? For how much does it cover per depositor?



26. Please explain why most banks will not accept a postdated check.

bellringer - 2.10.10

23. Checks are listed on a ____________ _______ according to the ________ ___________ on each check.



24. Please list two of the four reasons that there might be a difference between a bank's records and a depositor's records.

Friday, February 5, 2010

bellringer - 2.8.10

21. For what does EFT stand? In order to perform an EFT, you must provide two numbers from your checking accounting. What are these numbers?



22. What are the three types of endorsements?

Tuesday, February 2, 2010

bellringer - 2.4.10

19. Do you control money in your life, or does it control you? Why is it vital for a business (and an individual) to maintain proper cash control systems?



20. Devise a plan to get someone in Haiti financially stable within one year. How might micro credit, tax incentives, accounting systems, and emerging technologies be used as part of your plan?